Govt sets target of producing 15,000MW of wind power till 2017

NEW DELHI: The Ministry of New and Renewable Energy has set a target of generating 15,000 Mega Watt of wind power during the 12th Plan period.

In a statement released here, the Ministry said the capital expenditure for setting up one MW wind power project is approximately Rs six crore.

A total capacity of 18,551 MW from wind energy has already been established which is around 9 per cent of the total installed power capacity in the country, it added.

The ministry said the government has been promoting wind power projects through private sector investment by providing fiscal and promotional incentives such as concessional import duty on certain components of wind electric generators, excise duty exemption to manufacturers, etc.

Loans for installing windmills are available from Indian Renewable Energy Development Agency (IREDA) and other financial institutions. Technical support including wind resource assessment is provided by the Centre for Wind Energy Technology (C-WET), Chennai.

An extensive wind resource survey programme to identify the potential sites for wind power projects has also been undertaken, the statement said.